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Brett Cenkus
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Trump Won't Kill America, Bitcoin Will

In this shared piece, author Brett Cenkus argues that nation-states will cease to exist not because of a who, but a what - and it's already here.

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January 21, 2010

Cover Sidebar: Power Hungry

By Peter Chapman

Wall Street analysts are bullish on another of Nasdaq's new initiatives--the N2EX British wholesale power exchange. The trading platform is owned by Nasdaq, through its Nasdaq OMX Commodities power derivatives clearing unit, and a Norwegian company called Nord Pool. The market will initially trade and clear U.K. industrial electricity contracts. It will later add trading in financial futures contracts on those instruments. Nord Pool has operated a similar facility in Europe's Nordic region for 15 years and is the largest of the approximately two dozen power markets operating in Europe. Analysts at Goldman Sachs see N2EX adding about $10 million per quarter to Nasdaq's revenues.

 

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Weathering the Storm 

 

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